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Powell Must Reinforce His Words With Actions
The Federal Reserve chair finally got his message across. Now comes the hard part.
Mission accomplished.
Photographer: Spencer Platt/Getty Images
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Federal Reserve Chair Jerome Powell has finally delivered his message loud and clear: To get inflation under control, the central bank intends to push interest rates higher, and keep them there longer, than markets had expected.
It’s a great first step. Now the Fed must follow through.